Labor Department finalizes regs to raise exempt employee salary threshold

Seal_of_the_United_States_Department_of_Labor.svgLate last week, the U.S. Labor Department published final regulations to increase the minimum weekly salary to qualify for the Fair Labor Standards Act white collar exemptions. The regulations, which take effect Jan. 1, 2020, increase the exemption from $455 per week, or $23,660 per year, to $684 per week, or $35,568 per year. The thresholds determine when an employee is exempt from being paid overtime.

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